Morningstar

Weekly Market Update: Stocks Gain 1.03% as Utilities Rise, Industrials Fall

Zscaler and Moderna are among the week’s top-performing stocks.

Exterior view of Moderna's headquarters.
Plexi Images/GHI/UCG via Getty
Securities in This Article
Crown Castle Inc
(CCI)
CNH Industrial NV
(CNH)
Zscaler Inc
(ZS)
Moderna Inc
(MRNA)
Uniti Group Inc
(UNIT)

Stock Market Update for the Trading Week Ended Oct. 9

  • The Morningstar US Total Market Index rose 1.03%.
  • The best-performing sectors were utilities, up 3.92%, and consumer defensives, up 3.89%.
  • The worst-performing sectors were industrials, down 0.87%, and technology, down 0.13%.
  • Large-cap stocks gained 1.17%, mid-cap stocks rose 1.95%, and small-cap stocks rose 0.19%.
  • Growth stocks gained 0.94%, blend stocks gained 1.07%, and value stocks rose 1.15%.
  • The S&P 500 gained 1.15%, and the Nasdaq rose 0.64%.
  • Of the 870 US-listed companies covered by Morningstar, 565, or 65%, were up, two were unchanged, and 302, or 35%, were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes fell to 5.24% from 5.28%.
  • Yields on 2-year US Treasury notes fell to 4.80% from 4.83%.
  • West Texas Intermediate crude prices rose 0.37% to $91.60 per barrel.
  • Comex Gold prices rose 1.15% to $4,191.40.

Top Stock Gainers

PTC PTC, Nu Holdings NU, Crown Castle CCI, Zscaler ZS, and Moderna MRNA were the top performers among US-listed stocks covered by Morningstar analysts.

  • PTC topped the list, rising 35.02%, and it’s up 58.01% over the past three months. This wide-moat company with a 3-star rating has decreased 4.77% over the past 12 months. The stock closed the week at $194.45, trading near its fair value estimate of $190.00 per share.
  • Nu Holdings was the second-best performer, with a weekly return of 20.07%. The 3-star stock has gained 15.03% over the last three months. Shares in this narrow-moat company are down 0.52% over the past 12 months. Nu Holdings stock wrapped up the week at $16.12, trading at a 7% discount to its fair value estimate of $16.60 per share.
  • Crown Castle ranked third for the week, rising 19.85%. The 5-star, narrow-moat stock has fallen 9.03% over the last three months and 24.14% over the past 12 months. Crown Castle stock closed at $79.64, trading at a 39% discount to its fair value estimate of $113.00 per share.
  • The fourth-best-performing stock was narrow-moat Zscaler, which gained 18.89%. The 3-star stock has gained 51.03% over the last three months but is down 30.93% over the past 12 months. Zscaler finished the week at $233.73, trading at a 13% discount to its fair value estimate of $250.00 per share.
  • Moderna climbed 18.42% in the latest week. This no-moat company has seen an increase of 166.94% over the last three months and a rise of 605.59% over the past 12 months. The 3-star stock ended the week at $225.0 per share, trading at a 21% premium to its fair value estimate of $163.

Top Stock Losers

IREN IREN, CNH Industrial CNH, Uniti Group UNIT, Hub Group HUBG, and Arm ARM did the worst among US-listed stocks covered by Morningstar analysts.

  • IREN was the worst-performing stock of the week, falling 15.68%. This 3-star, no-moat company has fallen 16.96% over the past three months and 40.57% over the past 12 months. The stock ended the week at $35.21, trading at a 17% discount to its fair value estimate of $43.00 per share.
  • CNH took the second spot, with a 15.41% price decline this week. The narrow-moat company, rated 5 stars, has risen 18.11% over the past three months and 14.51% over the past 12 months. Closing at $11.39, the stock trades at a 42% discount to its fair value estimate of $21.00 per share.
  • Uniti came in third, experiencing a 14.55% drop this week. This 3-star, no-moat company has fallen 32.11% over the past three months but rose 20.72% over the past 12 months. The stock finished the week at $6.87, trading at a 6% premium to its fair value estimate of $7.00 per share.
  • Next up is Hub, which saw its stock price fall by 13.53% this week. The narrow-moat company with a 3-star rating has fallen 41.97% over the past three months and 25.36% over the past 12 months. At $25.76, the stock trades at a 6% discount to its fair value estimate of $28 per share.
  • Arm rounds out the list with a 13.37% decline this week. This 2-star, wide-moat company has fallen 8.31% over the past three months but rose 65.07% over the past 12 months. The stock closed the week at $266.28, trading at a 45% premium to its fair value estimate of $190.00 per share.

Highlights of This Week’s Market and Investing Events

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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